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ByteDance plans to pump $20bn capex mostly into AI
Exclusive: ByteDance plans $20 billion capex in 2025, mostly on AI, sources say
ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this year, much of which will be centred on artificial intelligence, two people briefed on the matter said.
ByteDance plans to pump $20bn capex mostly into AI as it defends its AI lead in China
Chinese ByteDance reportedly plans a $20 billion capital expenditure in 2025, mainly targeting AI as the tech giant seeks to defend its AI lead back home. Sources who spoke to Reuters revealed the TikTok owner will pump a significant chunk of the total money (150 billion yuan or $20 billion) abroad into AI infrastructure development.
ByteDance plans to invest $12bn in AI infrastructure
The development comes as the Beijing-based company faces pressure from the US government to sell its social media app TikTok.
38m
on MSN
TikTok sued in France for 'brainwashing teens into suicide'; ByteDance refutes allegations
Three years after a tragic suicide linked to TikTok's harmful content, a mother and six families have sued the platform for ...
1d
ByteDance board member 'optimistic' TikTok will find non-sale options in US, report says
TikTok is considering alternative solutions to selling its US business, as owner ByteDance continues the fight to keep its ...
16h
on MSN
ByteDance staff to lose ‘lucky money’ perk from 2026, but gain improved medical benefits
The new benefits package includes improved medical insurance, with access to premium medical care in regular public hospitals ...
3d
on MSN
ByteDance director confident TikTok deal will get done, sees options to avoid an outright sale
Bill Ford, the CEO of ByteDance shareholder General Atlantic, said Wednesday he was confident that a deal will be reached to ...
9d
on MSN
TikTok owner ByteDance powered an e-reader’s unhinged AI assistant
An uproar with a popular Kindle competitor e-reader has showcased how the use of Chinese AI models in U.S. products could ...
1d
Report: ByteDance sets aside about $20B for AI spending this year
TikTok’s parent company ByteDance Ltd. has set aside 150 billion yuan ($20.64 billion) for its capital expenditure this year, and the bulk of that money will be spent on boosting its artificial ...
2d
on MSN
ByteDance board member confident deal to save TikTok in US will be reached soon
General Atlantic CEO and ByteDance board member Bill Ford said Wednesday that he believes TikTok soon will reach a deal to ...
3d
Dave Portnoy reacts to TikTok debate, says he's 'very concerned' about small business owners
Barstool Sports founder and president Dave Portnoy shares his thoughts on the TikTok debate on 'The Will Cain Show.' ...
6d
What We Know About the TikTok Ban
The popular video app went dark in the United States late Saturday and then came back around noon on Sunday, even as a law ...
3d
on MSN
Why did Trump bring TikTok back? What to know about the president's ban reversal
TikTok went dark for a few hours in the U.S. before the ban was suddenly reversed Sunday. Here's what to know about President ...
3d
on MSN
TikTok’s parent company is in active discussions about a deal, board member says
A board member at TikTok’s parent company said that a deal to save the app from disappearing in the United States will be ...
CNET on MSN
3d
What You Need to Know About Lemon8 and How It's Different From TikTok
The Supreme Court upheld the ban on TikTok in the US, so here's what you should know about its sister app, Lemon8.
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